Praxair eyeing two-part notes offer in new, reopened tranches; pricing Thursday

By Aleesia Forni

Virginia Beach, Jan. 29 – Praxair, Inc. plans to price a two-part offering of notes in new and reopened tranches on Thursday, according to a market source and a 424B2 filed with the Securities and Exchange Commission.

The offering will include 10-year note and a reopening of 3.55% bonds due Nov. 7, 2042.

Outstanding issuance of the notes due 2042 is $475 million, including $175 million priced at 68 basis points over Treasuries on Nov. 2, 2012 and $650 million priced at 88 bps over Treasuries on April 29, 2013.

Bookrunners are Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, RBS Securities Inc. and Wells Fargo Securities LLC.

Proceeds are for general corporate purposes, including debt repayment.

The industrial gas company is based in Danbury, Conn.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.